"The economic laws and forces that God has made, may be suspended for a time, but they cannot be negated and they cannot be nullified. They will re-assert themselves in ferocious ways, and governments and banks are ultimately powerless to stop them."
It struck a chord with me because I heard John Hofmeister, a former president at Royal Dutch Shell say something very similar about a year ago in regards to oil.
OPEC is estimated to be burning through $200M in currency reserves a year at these oil prices.
Looks like it will be a tough week for $WTIC and related stocks and funds, but there is a bottom bounce somewhere on the horizon.
I like metals and think they could start drifting higher from here, but am still liking equities even better for now.
Just my thoughts while I am wrapping things up and I am probably wrong.
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